3dm Worldwide Share Discussion Threads

[potem] 03/8/2007 18:52

I had some difficulty with the English in the rns where ept bought the plant for a negative consideration of £80k "in lieu of royalties of 30%" (that might not be an exact quote). I took it to mean that PA did not have to pay royalties on the first £240k or so.

If I am right then 30% of a little might still be nothing in this case! - can someone tell me if I got the wrong end of the stick.

Ever the optimist I still hold, now with a loss of 30%. If the egm resolutions go through and the placing goes ahead they would seem to have enough cash to last until about next Easter before going bust. Anyone like to suggest odds!

[the sixpenny knight] 03/8/2007 18:35

As I understand it, 30% of nothing equals nothing, and 30% of a little equals next to nothing. However, if there were ten machines running five or six days a week, turning out something which other companies couldn't turn out in a month of Sundays...

(the robotics manufacturers must be even more tired of waiting than I am)

[gemstar2] 03/8/2007 17:43

He owns the robotic manufacturing plant, with its expense and overheads.

As I understand it, he has to pay 30% of sales to TDM, although I speak from unclear memory

[bluebelle] 03/8/2007 12:00

Thanks Wendy.

wendy/gemstar/chorister or indeed anyone else :

So what does PA actually have? Does he 'own' the process or is he just a TDM licensee ?

[wdurham] 03/8/2007 11:33

Don't have much idea of what Aylmore is up to, Bluebelle, other than what's in the public domain. However, those machines are his babies, and with them under his control, he will do whatever is necessary to get PIM out into the marketplace where he believes it belongs. I think, as you said with the "better mousetrap" reference, that he was as naive as all the others to begin with, and thought that the obvious benefits of the technology would sell it easily. He is wiser now and much more determined.

To be honest, I have just about given up on 3DM, and written it off to experience! Yes, I put the profits back in and left them to run.... Oh, well, a second expensive lesson: when you've got it in your hand, put it in the bank!

[chorister] 03/8/2007 10:30

>> Gemstar

To be fair, much of the damage was done before Aylmore's arrival by a character called Philip Cook. Aylmore just perpetuated the traditional 3DM position of treating companies in which others had invested as their own.

[the sixpenny knight] 03/8/2007 10:28

I can safely say it isn't me.

[hylas] 03/8/2007 10:25

Interesting to see the MM's putting the offer price up and down in order to try and keep the chart intact.
I wonder who is holding all the shares which have been sold.

[charles clore] 03/8/2007 10:01

Entertainment, perhaps?

[gemstar2] 03/8/2007 09:55

I would also be interested to know, Choristor, on what the original money was blown.

Seems to be a deathly silence on that one.

[quinn20] 03/8/2007 09:55

No updates on the website since inception to my knowledge

[chorister] 03/8/2007 09:51

Oh no, oh no, don't get involved ....

Aylmore, as far as I know, is involved with Environmental Polymer Technologies (EPT) (former 3DM Environmental, I think) and Highseas. As part of 3DM's exit from Highseas he received about 30% of the company for little or no consideration.

Highseas has recently had a VERY dilutative rights issue which has more or less wiped out the original shareholders - of which I, for my sins (though the sins aren't that bad!) was one. As it was a private company and not therefore bound by disclosure rules I emailed Aylmore the following to help me try to make up my mind re the rights:

"I know that you will be covering the rights issue in a formal communication to shareholders. The purpose of this email is to identify to you some issues that I at least would like to see covered in that communication, as follows:

- In your letter dated 1 June 2006 you said that HST had completed the sale of the 60 ft hull and mould (which you told me in May 2006 would realise about £35,000), and would also be receiving the proceeds of the sale of other assets later in the summer of 2006, and intimated that funding was adequate. In your latest letter you say that the company has 'no substantial debts'.

- If I read your letter correctly you are provisionally planning to raise £1.55m (15,500,000 shares in issue x 10 for 1 x 1p).

- You say that one of the reasons for raising cash is to 'refund research and marketing expenses' borne by EPT. How does this reconcile with the statement that HST has 'no substantial debts'?

- According to the last Annual Return I think the Directors (excluding Simon Wiper) owned 3,425,000 shares - can you confirm that, in the light of the prospects now being outlined, the directors will be subscribing £342,500 in cash to take up their full entitlement?

- Will the rights issue be underwritten, and if so by whom?

- Will HST provide draft accounts to 31 August 2006 and up-to-date management accounts (ie to say 31 March 2007), even if they are not audited, with the rights documentation?

- Has Simon Wiper been granted any options, warrants or similar in lieu of remuneration, or is there any intention or agreement to grant him such in the future?

- It would be very helpful to have a summary of the actual legal relationship between HST and EPT, and between HST and 3DM (if any), including the financial arrangements between them.

- It would also be helpful, given the various cross relationships, to have illustrative examples of HST's actual financial stake in these projects - for example, how much do the Directors estimate that HST would earn (1) per surfboard (2) per 2.8 metre rotational moulded leisure / tender boat and (3) per RIB transom, and in each case what is the estimated royalty payable to third parties? I know these would only be estimates, but it would be very helpful to shareholders to have some idea of the economics of these projects.

- Finally, given that you are planning to raise a large amount of money on very dilutative terms and an unspecified proportion of the funds raised will pass to EPT, where you are also CEO, would you be willing to accept an independent non executive director on the Board of HST?

As I have said to you before it would be helpful to meet to discuss your plans, so do please let me know if you are going to be in London."

Predictably I didn't get any response, so managed to keep my wallet locked up.

[charles clore] 03/8/2007 09:35

My shares are sitting there patiently in the bottom drawer. I can't remember who suggested I put them there, it was a looong time ago.

[gemstar2] 03/8/2007 08:58

Aylmore is buzzing, and I understand has at least 2 major deals coming to fruition.

Part of the reason I decided to pile in again.

[bluebelle] 02/8/2007 20:13

wendy

I didn't realise you'd given it back. Sorry to hear that : I thought you'd made on it.

Sorry, but I may have misled you. I really did not mean to infer that PA was in the snake oil category. Not at all. I think he is a very decent guy, a first class techy who got out of his depth in a wicked world of...well perhaps that's enough.

Do you have more details of what PA is doing now? I haven't kept up with the Bedwas business since the financial engineering before last, or was it the one before that, or the one before that.

I'll post my hotmail address if you would rather take this off line.

[mark30] 02/8/2007 19:10

Here here - although not sure I can agree your sentiment in regard to PA
Time will tell eh? He may have invested his own dosh but I (we) gave him a
a load of nuts bolts ovens etc to play with, if you're right it will show!

Time will tell Wends

[wdurham] 02/8/2007 18:59

Bluebelle - sad but true. I did VERY well on it myself, until I decided (!) to give it all back.

I would take issue with you on just one statement. Peter Aylmore is not a snake oil salesman. Others involved were/are/will continue to be, but PA has been the only man willing to put his money where his mouth was and actually take on Bedwas and the machines that 3DM have washed their hands of as being too difficult to bother with, in spite of the millions they cost.

And more power to PA's elbow. This is technology that ought to succeed. The fact that 3DM have not been able to progress it - perhaps due to total and utter mismanagement - beyond a promise or two that have thus far come to nothing is a bloody tragedy.

[gemstar2] 02/8/2007 18:25

This was explained at the AGM as something TDM no longer gets involved in, now relying only on IP income without expenditure on plant etc.

Bit like Aylmore I guess, who was on top form at the meeting

[bluebelle] 02/8/2007 16:22

Hammy_Davies_Snr - 1 Aug'07 - 20:36 - 23053 of 23055
Don't mention wood and trees; you'll start TSK off again.


Fair point Hammy. To be honest I feel a bit guilty about having brought Richard out of teh goatwork.

By the way, did anyone ever follow up on that Evo Stick (or whatever it was called) which the CEO has apparently, in best Brooksian style, set up to provide 'a little pot of money for his old age', at the apparent expense of TDM shareholders ?

[rochdale] 02/8/2007 07:59

wood and trees - try libra natural resources - nice announcement today

[the sixpenny knight] 01/8/2007 20:42

Accoya!!

('scuse me)

[hammy_davies_snr] 01/8/2007 20:36

Don't mention wood and trees; you'll start TSK off again.

[bluebelle] 01/8/2007 19:25

Anyway, personally willing to follow the institutions on this one. They always are closer to management than mug punters.


gemstar

I think you will find that several of we mug punters did rather better on this one than the institutions by virtue of being far enough from the management to be able to differentiate between wood and trees - to say nothing of snake oil salesmen.


Right Ms Durham ?

[bluebelle] 01/8/2007 19:17

wendy

Don't worry. He's only doing what I did : cutting and pasting his posts from a few years ago !!!


The only thing that changes is that I doubt Brooks will be invited for tea and cakes at the Investment Summit (sic) this year !!!

[wdurham] 01/8/2007 18:55

gemstar -

The only trouble is the MD has been saying that for several years now.....